ETHEREUM - ETH/USDT - Daily - Technical analysis published on 06/22/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 220.95 USDT
My targets
259.31 USDT (+6.11%)
285.13 USDT (+16.68%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USDT as long as the price remains well above 220.95 USDT. The buyers” bullish objective is set at 259.31 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 285.13 USDT. If there is any crossing, the next objective would be the resistance located at 339.85 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 244.37 USDT. The price has increased by +7.16% since the last closing and was traded between 227.62 USDT and 244.87 USDT over the period. The price is currently at +7.36% from its lowest and -0.20% from its highest.227.62
244.87
244.37
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 137.78 | 173.43 | 220.95 | 244.37 | 247.79 | 285.13 | 339.85 |
| Change (%) | -43.62% | -29.03% | -9.58% | - | +1.40% | +16.68% | +39.07% |
| Change | -106.59 | -70.94 | -23.42 | - | +3.42 | +40.76 | +95.48 |
| Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 222.70 | 225.00 | 226.52 | 228.82 | 230.34 | 232.64 | 234.16 |
| Camarilla | 226.99 | 227.34 | 227.69 | 228.04 | 228.39 | 228.74 | 229.09 |
| Woodie | 222.31 | 224.81 | 226.13 | 228.63 | 229.95 | 232.45 | 233.77 |
| Fibonacci | 225.00 | 226.46 | 227.36 | 228.82 | 230.28 | 231.18 | 232.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.91 | 209.52 | 219.18 | 228.79 | 238.45 | 248.06 | 257.72 |
| Camarilla | 223.53 | 225.30 | 227.06 | 228.83 | 230.60 | 232.36 | 234.13 |
| Woodie | 199.93 | 209.53 | 219.20 | 228.80 | 238.47 | 248.07 | 257.74 |
| Fibonacci | 209.52 | 216.88 | 221.43 | 228.79 | 236.15 | 240.70 | 248.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.25 | 150.72 | 191.28 | 218.75 | 259.31 | 286.78 | 327.34 |
| Camarilla | 213.12 | 219.36 | 225.59 | 231.83 | 238.07 | 244.30 | 250.54 |
| Woodie | 129.79 | 153.99 | 197.82 | 222.02 | 265.85 | 290.05 | 333.88 |
| Fibonacci | 150.72 | 176.71 | 192.77 | 218.75 | 244.74 | 260.80 | 286.78 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.31 | |
| MACD (12,26,9): | 3.2100 | |
| Directional Movement: | 5.80 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 238.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 219.14 | |
| Elder Ray (13): | 2.13 | |
| Super Trend (3,10): | 214.82 | |
| Zig ZAG (10): | 243.84 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 47.08 | |
| TEMA (21): | 234.31 | |
| Williams %R (14): | -19.31 | |
| Chande Momentum Oscillator (20): | -3.80 | |
| Repulse (5,40,3): | 7.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 7.70 |
| MA7: | 232.86 | |
| MA20: | 237.58 | |
| MA50: | 220.64 | |
| MA100: | 190.01 | |
| MAexp7: | 234.24 | |
| MAexp20: | 232.99 | |
| MAexp50: | 221.38 | |
| MAexp100: | 207.32 | |
| Price / MA7: | +4.94% | |
| Price / MA20: | +2.86% | |
| Price / MA50: | +10.76% | |
| Price / MA100: | +28.61% | |
| Price / MAexp7: | +4.32% | |
| Price / MAexp20: | +4.88% | |
| Price / MAexp50: | +10.38% | |
| Price / MAexp100: | +17.87% |
Quotes :
2020-06-22 18:03:33
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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